As outlined in an earlier post, one of the U.S. governmentโ€™s responses to the Panama Papers revelations was to push forward regulations that required financial institutions to identify corporate owners having more than 25 percent ownership in an organization opening a bank account. There is, however, perhaps a more robust response emanating from the United Kingdom.

Thomas Fox has practiced law for over 40 years. Tom writes the daily award-winning blog, the FCPA Compliance and Ethics blog and founded the Compliance Podcast Network. Tom leads the discussion on AI in...